Moody's Ratings deems Thames Water's restructuring to be a "distressed exchange"
Moody's Ratings has downgraded Thames Water Utilities Ltd.'s (Thames Water) Probability of Default (PDR) rating to D-PD from Ca-PD - the rating action coincides with the effective date of Thames Water's restructuring plan announced by the company on 21 February 2025.
Fitch downgrades Southern Water's Senior Secured Rating to BBB-' on Rating Watch Negative
Fitch Ratings has downgraded Southern Water (Finance) PLC (SWF) senior secured class A debt rating to 'BBB-' from 'BBB' and placed it on Rating Watch Negative (RWN) – SWF is the financing company of Southern Water Services Ltd (SWS).
Ofwat looks to appoint independent Monitor to Thames Water to report back "frequently" on progress
Ofwat has today published a series of commitments that Thames Water will agree to comply with after it lost two investment grade credit ratings; the company breached its licence following the credit rating downgrades by Moody’s on 24 July and S&P on 31 July.
Moody's Ratings downgrades Thames Water's CFR to Ba2, outlook negative
Moody's Ratings has today downgraded to Ba2 from Baa3 the long-term corporate family rating (CFR) of Thames Water Utilities Ltd.
Fitch Ratings downgrades Southern Water and maintains negative outlook
Fitch Ratings has downgraded the financing company of Southern Water Services Ltd senior secured class A rating to 'BBB' from 'BBB+' and is maintaining the Negative Outlook.
Fitch downgrades Thames Water IDR and senior secured debt to 'B' and revises Outlook to Negative
Fitch Ratings has downgraded Thames Water’s holding company Kemble Water Finance Limited's (Kemble) Long-Term Issuer Default Rating (IDR) to 'B' from 'B+' and senior secured debt rating to 'B' from 'B+'. The Outlook on the IDR is Negative.
United Utilities proposes introduction of new climate change measure in long-term incentive plan
United Utilities intends to seek shareholder support at its AGM in July 2022 for the introduction of a new climate change measure in its long-term incentive plan that aligns with its previously announced carbon pledges.
Ofwat acts to protect customers by restricting pay-outs to shareholders if a water company is in financial distress
Water sector regulator Ofwat has today announced that it has modified the licences of 16 of the 17 water companies in England and Wales, who have accepted new ring-fencing provisions.
Moody’s ratings agency downgrades Bristol Water rating
Moody's ratings agency has today downgraded to Baa2 from Baa1 the backed senior secured debt rating of Bristol Water plc - the outlook is negative.
Two-thirds of major UK companies to incorporate climate change risks and opportunities in 2019 annual reporting
Two-thirds (67%) of UK corporates will be disclosing climate-related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust.
News Showcase
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Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner. -
Pumps prove to be smooth operators for Anglian Water
“SAS (Surplus Activated Sludge) is a bit weird and can do odd things,” says Stuart Chatten, Lead Bioresources Technician at Whitlingham Water Recycling Centre (WRC), one of Anglian Water’s principal centres for processing sewage, serving a population of 400,000. -
Owen Mace takes over as Director of BPF Plastic Pipes Group
Owen Mace has taken over as Director of the British Plastics Federation (BPF) Plastic Pipes Group on the retirement of Caroline Ayres. He was previously Standards and Technical Manager for the group. -
Ledbury engineering firm strengthens senior team as demand for water process systems grows
PureTec Separations, the Ledbury-based water treatment engineering firm, has appointed Dan Norman as its new Sales Manager – Water Process Systems, supporting the company’s continued growth in the UK and international markets.
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Scottish Water completes £235m investment in two-way connection between drinking water networks
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- Flood Forecasting Centre confirms Rapid Flood Guidance service to continue until 2028
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